Oil exporters face limited growth prospects in 2019

Dubai: Oil exporters including GCC countries are expected to see slower growth prospects, according to the Economic Insight: Middle East Q2 2019 report, produced in partnership by ICAEW and Oxford Economics. According to the report, oil producers in the Middle East will also see limited growth in the oil sector, the traditional engine of economic […]

Etisalat reports Dh4.4 billion H1 net profit

Abu Dhabi: Etisalat Group on Tuesday announced its financial results for the first of half 2019 showing net profits of Dh4.4 billion, representing a 3.1 per cent year on year on increase. The group’s financial results also showed consolidated revenues reaching Dh25.9 billion and its consolidated EBITDA (earnings before interest, taxes, depreciation and amortisation) totalling […]

UAE’s non-oil trade with China amounted to $43 billion in 2018: Minister of Economy

ABU DHABI: Sultan Bin Saeed Al Mansouri, UAE Minister of Economy, stated that China is the UAE’s leading trade partner in terms of non-oil commodities, accounting for 9.7 per cent of its total non-oil trade in 2018, valued at over US$43 billion. The UAE’s non-oil foreign trade with China in 2018 represented 16 per cent […]

‘UAE to become a shining pearl along Belt and Road,’ says Chinese Foreign Minister

BEIJING: The UAE “will become a shining pearl along the Belt and Road,” a senior Chinese official said on Sunday, as His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, started his state visit to China. Sheikh Mohammed bin Zayed’s visit to […]